Section 10-45-27.2 - Credit for timely filing of return and remittance of tax on monthly basis. - South Dakota Statutes

10-45-27.2. Credit for timely filing of return and remittance of tax on monthly basis. Any person required to file a return and remit the tax imposed by chapter 10-45 on a monthly basis and who timely files the return and pays the tax is allowed, as compensation for the expense of collecting and paying the tax monthly, a credit equal to one and one-half percent of the gross amount of the tax due. However, the credit may not exceed seventy dollars per month.

Source: SL 2006, ch 51, § 1.